Young, Andrew; Higgins, Matthew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2006
-IV estimation method, we find that the convergence rates for 32 individual states are above 2 percent, with an average of 8 ….1 percent. For 7 states the convergence rate can be rejected as identical to at least one other state’s convergence rate with 95 … percent confidence. Convergence rates are negatively correlated with initial income. The size of government at all levels of …